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A limited (liability) company is an enterprise where the owners' personal responsibilities for the firm's obligations are limited to the amount the owners
have invested. The firm is considered an independent juridical entity. The company must have a deed of incorporation, obtain
share capital and the company must be registered with the Brønnøysund Register Centre. A company is a Public limited company
if it claims to be so in the ordinance and it is registered as such in the Brønnøysund Register Centre. All or a large part
of the shares must be publicly traded and these must be registered with Norwegian Central Securities Depository. More information
about the requirements can be found in the Limited Company Act and the Public limited Company Act.

A share is a unit of ownership in a limited company.

A primary capital certificate (PCC) is issued by a savings bank and is very similar to a share. The main differences is that the holders of the PCCs only
own a limited part of the bank and has limited influence over the governance of the bank. The dividends are also limited.

Class of shares . The Board of directors can choose to divide the shares into different categories. Each category can have different dividend
and voting rights or other characteristics specified at the date of issue.

A shareholder is a natural person or juridical person or other entity that owns shares in a limited company or public limited company.

Share capital . At the formation of a limited company the shareholders must invest a certain amount of capital. The minimum requirement
of capital is NOK 100 000 for a limited company and NOK 1 million for a public limited company. The share capital may be increased
at a later time by increasing the nominal value, or by issuing new shares. If a shareholder pays more than nominal value,
a share premium has been paid. Limited companies can later reduce and repay both share capital and share premium to the shareholders.
The share capital statistics include companies that were in existence 31 December in the fiscal year.

Nominal value is the value of the share when issued. The nominal value times the number of shares issued should be equal to the share capital.
Nominal value can change due to stock split or a reverse stock split.

Paid dividend is the actual amount of dividend paid out to shareholders during the fiscal year. The paid dividend statistics include all
dividends distributed to shareholders by limited companies during the fiscal year whether or not the limited companies were
in existence at the year-end or liquidated during the year.

Received dividend is the dividend received by shareholder during the fiscal year.

Received share capital is that part of share capital by which the limited company has reduced its share capital and repayed to its shareholders.
It is a non-taxable transfer.

Received share premium is that part of share premium by which the limited company has reduced its share premium and repayed to its shareholders.
It is a non-taxable transfer.

Received other paid-in capital is that part of other paid-in capital by which the limited company has reduced its other paid-in capital and repayed to its
shareholders. It is a non-taxable transfer.

Capital gains on sale of shares . If a shareholder sells shares and the selling price exceeds the cost price, a capital gain arise.

Risk-free return . With the introduction of the shareholder model as from 1 January 2006, dividends and capital gains on sale of shares for
personal shareholders are taxed if they are above the calculated opportunity rate of return, named the risk-free return. As
a rule, the risk-free return is computed by multiplying the cost price of the share by an opportunity rate of interest. It
is the shareholder who owns the share at the time the risk-free return is calculated (31 December every year) who are entitled
to the allowance. The risk-free return can also be used to reduce profit when the share is sold. If the risk-free return or
part of it is not used in a given year, it can be carried forward and used later.

Taxable dividend is that part of the received dividend that exceeds the risk-free return.

Taxable capital gains on sale of shares is the part of the capital gains on sale of shares that exceeds the risk-free return.

Listed/non-listed . Listed shares are shares listed and traded at the Oslo Stock Exchange per 31.12 in the fiscal year. Non-listed shares are
not listed at the Oslo Stock Exchange per 31.12 in the fiscal year. As of the statistics covering 2007, shares listed on Oslo
Axess is also included.

Classification of industry is in accordance with the revised Norwegian Standard Industrial Classification (SN94), which is based on the EU industrial
standard NACE Rev. 1 and the UN industrial standard ISIC Rev. 3. As of 2004, the revised standard SN2002 is used. This standard
is based on the EU industrial standard NACE Rev. 1.1. As of 2007, the revised standard SN2007, which is based on the EU industrial
standard NACE Rev. 2, is used. For companies that engage in several industries, the entire business will be placed under the
business that contributes the most to the overall added value. Further information can be found on the Statistics Norway web
page.

Institutional sector is a statistical categorizing of the shareholders based mainly on the economic function, but also organization
structure and ownership. Institutional sector categories are based on United Nations standards "System of National Accounts"
(SNA) from 1993. As of fiscal year 2012, the statistics use a new institutional sector classification which is based on the
UN's "System of National Accounts" (SNA) from 2008 and the EU's "European System of National Accounts' (ESA) from 2010.

The country and region classification is based on ISO standard 3166 and the UNs Standard Country and Area Codes Classifications (M49) . The statistics are classified by the country where the shareholder is registered. If a company, for instance an American
company, owns a holding company in the Netherlands, and this holding company owns shares in a Norwegian limited company, the
shareholder in the Norwegian company will be classified as Dutch in the statistisics, eventhough the ultimate owner is American.

No external users have access to the statistics and analyses before they are published and accessible simultaneously for all users on ssb.no at 8 am. Prior to this, a minimum of three months' advance notice is given inthe Statistics Release Calendar. This is one of Statistics Norway’s key principles for ensuring that all users are treated equally.

The stock statistics cover nearly the same population as accounting statistics for non-financial limited companies. The register-based accounting statistics include the profit and loss account and the balance sheet, thus providing more
detailed figures broken down by industry and other variables.

Tax statistics for companies include both limited companies and public limited companies. The tax statistics are based on the Directorate of Taxes' register
of non-personal taxation entities, and gives inter alia overall ordinary income.

Starting in the fiscal year 2004 the statistics incorporate all limited companies and public limited companies. As of 2006,
the statistics also cover primary capital certificates (PCC). The statistics on taxable capital gains on sale of shares also
include sale of equity fund shares.

Previously the statistics included all Norwegian limited companies registered on the Directory of Taxes' Register of Shares.
Between 1997-1998 the statistics for non-listed companies did not included firms that were subject to tax regulation for electric
power stations.

Starting in 2004 the statistics are based on data from the Directorate of Taxes' Register of Shareholders. In the statistics
on taxable dividend, data on dividend reported electronically to the Directorate of Taxes are also used.

Between 1984 and 1999 the statistics were based on the Directory of Taxes' Register of Shares and annual statistics of listed
companies from Oslo Stock Exchange (Oslo Børs).

For each company additional data regarding industry and institutional sector is obtained from the Central Register of Establishments
and Enterprises.

Starting with the fiscal year 2004 Statistics Norway collected data from the Directorate of Taxes' Register of Shareholders.
The registers consist of all Norwegian limited companies, specifying the number of shares issued, the share capital, the share
premium, and proposed and paid dividend. In addition the register gives information about the shareholders and received dividends.
Statistics Norway also collect information about received dividends that the tax payers report electronically to the Directorate
of Taxes.

Between 1984 and 1999 Statistics Norway gathered data from the Register of Shares, which is a part of the Directories of Taxes'
Register for Non-Personal Taxpayers. The Register of Shares contains information about the nominal value and the number of
shares for Norwegian limited companies, as well as the tax value and proposed dividend for non-listed companies. Information
about the listed companies was obtained from the Oslo Stock Exchange, partly through their published statistics and partly
as an electronic data request.

The Tax Authorities control that the necessary and correct data is registered. In addition Statistics Norway carry out quality
controls to ensure coherence and consistency within and with other available statistics.

The analysis unit is the limited company and the shareholder. The statistics are estimated by counting all units with a certain
characteristic, e.g. the number of limited companies by main industry, and by aggregating a certain characteristic for all
units in the statistics, e.g. received dividend.

As a main rule a figure is not published if it is based on less than three units, if one single company amounts for 90 per
cent or more of the value, or if two companies amount for 95 per cent or more of the value.

A change of source means that starting in 2004 the stock statistics are not directly comparable to earlier statistics. Some
of the variables are redefined, e.g. previously the statistics included proposed dividends and as of 2004 the statistics include
paid dividends.

The statistics are comparable for the period 1994 to 1999.

Prior to 1991 the stock statistics showed the estimated market value of non-listed companies. An estimate of the market value
was obtained by simply using the tax value of the firm unless the tax value was zero, in which case the face value was used.

Prior to 1990 the amount published as paid dividend was the proposed dividend in the previous year. Starting in 1994 the dividend
figure published included the proposed dividend to be paid out in the following year.

Adjustments to the tax system and to the accounting regulation over the years are reflected in the data and influence the
continuity of the timeseries.

Adjustment of industry categorisation or structural changes within the industries might have an impact on the figure and impede
the comparison over the years.

The introduction of a new institutional sector classification in 2012 means that the sector classified statistics are not
fully comparable with previous years. This particularly affects the demarcation between financial and non-financial corporations.

The dataset is based on information given by the companies in the Shareholder Registration form, and errors arise if the information
given is erroneous or inaccurate. If mistakes are not corrected during the quality controls the information of the Shareholder
Registration form might be incorrect. Mistakes can also occur during the processing, the correction or the registration of
the data. The quality control is mainly concerned with mistakes that can have a significant impact on the statistics. As a
result, less significant errors, which have no impact on the total amounts, may not be corrected.

Some errors made during the collecting and processing of the data are unavoidable and include coding, editing and data processing
errors etc. Extensive efforts have been made to minimize these errors, and we regard these types of errors to be relatively
insignificant.

The statistics are based on an administration register of the population. Still there could be that some companies are not
included in the register. The non-response rate is between 3 and 7 per cent of the total population of limited companies.
Non-response can typically be caused by limited companies that are establish during the year or are no longer in business.
When the owner is a foreign company or the general government, we also see a larger non-response rate. This is most likely
caused by the fact that these shareholders are not taxed by the shareholder model, and thus the incentive to report is smaller.

The quality of the register and the linked data from administrative registers also have an impact on the quality of the finished
result. Both the administrative and statistics registers are regularly updated, and will therefore change during the production
process.

The stock statistics present figures for both limited companies and shareholders. Comparing these figures on might find that
for items such as share capital and dividend paid there will be some differences.

Revisions are planned adjustments made to previously published figures (for instance when preliminary figures are revised
and replaced with final figures). In Shares and capital returns, preliminary figures covering the recent income year are publised
together with final figures covering the previous income year. To get more information about revisions, please see Principles for revisions in Statistics Norway.